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When all is said and done, did the banks that helped finance Musk's original acquisition of Twitter get their money back?
by justin66 2y ago
When all is said and done, did the banks that helped finance Musk's original acquisition of Twitter get their money back?
- stingrae 2y agothey get stock in xAI
- caseyy 2y agoNow xAI should just issue more stock that X would buy with xAI’s funds. Dilute until financiers have nothing — a move known as the tech bro classic.
- justin66 2y agoPlease cite your sources. (edit: Bloomberg says the banks unloaded their shares earlier this year, reportedly "without taking a loss")
- Tycho 2y agoRecently they were selling on the debt because its value had recovered close to par. But I don’t think this deal involved paying down any of that debt ahead of schedule.
- justin66 2y agoThey must be selling some ads. Good for them, I guess.